Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure

Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets.

The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.”

Salinas, whose net worth is estimated at $4.8 billion, has significantly increased his bitcoin exposure from 10% in 2020. The billionaire has been a vocal supporter of bitcoin, and he plans to make his bank, Banco Azteca, the first in Mexico to accept…

Read more on BitcoinMagazine

83.3K Reads